Bill Gross has 15% of his $800 billion fund in government debt.

Bond King Bill Gross put 15% of his Total Return Fund in U.S. government debt after holding a negative position in January. Gross has said he plans on following, and hopefully beating, the U.S. government into certain investments… So, Gross is betting the government will start buying its own debt to keep borrowing costs low.

Gross also increased the fund's holdings of mortgage-backed securities to 86% of total assets, up from 83% last month. The fund holds a negative 25% position in cash equivalents.

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Crux note: Investment legend Jim Rogers also believes the government will buy tons of its own debt. But unlike Gross, he's waiting to go short. You can read the article explaining Rogers' thesis here.